June 10, 2015

Visteon Corporation announced that Sachin Lawande has been appointed President and Chief Executive Officer of Visteon, effective June 29, 2015, succeeding Timothy D. Leuliette. Lawande will also join Visteon's Board of Directors.

Lawande is an accomplished automotive OEM electronics veteran with over a decade of global leadership experience in the industry. From 2005, Lawande held several leadership roles at Harman International Industries, most recently serving as President of the Infotainment Division. Prior to joining Harman, Lawande held senior roles at QNX Software Systems and 3Com Corporation.

"After a thorough evaluation of potential candidates, we are confident that we have found in Sachin the perfect individual to lead and transform our company to achieve further success in the rapidly evolving automotive electronics market," said Francis M. Scricco, Chairman of the Board. "Sachin's significant operational expertise and unique combination of experience in the automotive, technology and software industries will be critical as we seek to capitalize on the dynamic growth of the connected vehicle ecosystem and provide our OEM partners with innovative and cost-effective technology solutions."

"It is an honor to be named Visteon's next CEO," said Lawande. "Electronics and software are more important to the automotive industry than ever before, and the newly transformed Visteon is in an ideal position to emerge as the innovation and technology leader in this space to continue to deliver value for customers and shareholders. I am excited about the opportunity to build on the company's momentum and lead Visteon into the next phase of its growth as the premier provider of Driver Information Systems and Infotainment that form the backbone of the connected car. I look forward to working closely with the board, management, and the talented Visteon team to advance innovation in the connected car and further capitalize on the growing importance of electronics to the automotive industry."